The Senate Judiciary Committee heard SB 57, authored by Sen. Steele as recommended by the probate section of the Indiana State Bar Association, on accounts under a power of attorney. The bill provides that an attorney-in-fact is entitled to judicial review and settlement of an account. It also provides that absent fraud, misrepresentation, inadequate disclosure, or failure to provide proper notice, an attorney-in-fact is discharged from all liability as to the transactions in the accounting if proper notice is provided of the court’s approval of the accounting. The bill was amended to allow the filing fee for the judicial review to be taken out of the principal’s estate. The bill passed 9-1.
Read the bill at http://iga.in.gov/legislative/2015/bills/senate/57.